Businesses Under Great Threat As Cyber Crooks Become More Daring

Posted by Lolade on Thu 11th Jun, 2015 - tori.ng

Industry analysts have stated that a third of small- to medium-sized-businesses (SMBs), are under great threat following the incessant activities of cyber crooks.

Information Technology analysts have revealed that more businesses are at risk as cyber miscreants have become more daring.

This has become a cause of global concern to organisations such as the world’s largest anti-fraud organisation and premier provider of anti-fraud education, the Association of Certified Fraud Examiners (ACFE).

Speaking during the 24th Annual ACFE Global Fraud Conference, ACFE founder and Chairman Dr. Joseph T. Wells expressed concern over the rising attacks on small and medium scale enterprises (SMEs) across the world.

“We all know, or should know, that there is really no such thing as a secure computer — one that can’t be eventually hacked. We’ve all read of data thefts of millions upon millions of individual records. Most of these are committed by international gangs, which makes them exceedingly difficult to stop and even more difficult to prosecute," he said.

According to the analysts, the cyber crooks are not deterred by the innovative security designs put in place by information technology (IT) experts.

Cybercrimes in most recent times have taken various shapes beginning with the advanced fee fraud or 419 to identity theft and hacking into the servers of key government agencies and business organisations such as banks and others.

Analysts say a third of small to medium-sized-businesses (SMBs), are under great threat by these activities,